Should I buy ASIC or not?

[rebooter]

Hi everyone, I have some questions..
solution 1
Do you think it's profitable if I order now 2 KNC Mercury and start mining in october? I mean, I know there are a lot of asic in queue then in october the difficulty will increase a lot, so I made this
http://mining.thegenesisblock.com/a/ce185dcf7c

I put 130 mm, and 20% at month...it's really low?

I have almost 5k budget....

solution 2

Buy now some BTC then "trade"

solution 3

Make a litecoin rig and exchange..(I know, here in Italy the price kWh it's very high)

If someone can give me some advices, it would be great
Thanks to all

[1715182462]

1715182462

[1715182462]

1715182462

[1715182462]

1715182462

[1715182462]

1715182462

[1715182462]

1715182462

[joae1975]

No, unless you're going to get at least 2 Jupiter's, don't bother.  Buy BTC and trade for LTC and hold.  You know you won't get those till Nov.  They say "ship" in Oct.  You'd be better off getting a Baby Jet from Hashfast.
Or buy from CoinTerra <--skeptical.  IMHO.

http://mining.thegenesisblock.com/a/7df613945d

^nice mining calculator, check it out.  I don't think difficulty will get as bad as it says though.  Again, IMHO.

[Rannasha]

Hi everyone, I have some questions..
solution 1
Do you think it's profitable if I order now 2 KNC Mercury and start mining in october? I mean, I know there are a lot of asic in queue then in october the difficulty will increase a lot, so I made this
http://mining.thegenesisblock.com/a/ce185dcf7c

I put 130 mm, and 20% at month...it's really low?

You should input the current difficulty on that website, not what you expect it to be in october (the website will calculate that based on the growth rate you provide).

And 20% per month is quite low. Currently we're seeing 20-30% increase every 10-11 days and while this growth will slow down eventually, there's no sign of that slowdown coming any time soon.

[Isokivi]

Diversify!

You prolly cant do all three efficiently, but what's keeping you from buing one rig and coins directly ? No need to put all of your eggs in the same btc-basket.

[rebooter]

No, unless you're going to get at least 2 Jupiter's, don't bother.  Buy BTC and trade for LTC and hold.  You know you won't get those till Nov.  They say "ship" in Oct.  You'd be better off getting a Baby Jet from Hashfast.
Or buy from CoinTerra <--skeptical.  IMHO.

http://mining.thegenesisblock.com/a/7df613945d

^nice mining calculator, check it out.  I don't think difficulty will get as bad as it says though.  Again, IMHO.

Thanks for reply, but why trade for LTC?
If I understand...I should buy btc, trade for LTC then wait..but wait what? Untill LTC's price increase, then exchange with bitcoin again and have a profit or what...?

[pacojones]

Diversify!

You prolly cant do all three efficiently, but what's keeping you from buing one rig and coins directly ? No need to put all of your eggs in the same btc-basket.

Totally agree!  I've purchased hardware from three vendors (and I have nothing to show for it), I've saved coins offline (best investment so far) and I've bought bitcoin with cash (decent, but not highly recommended unless your starting from nothing).  Regardless, spread the risk over at least 2 of your options. 

Mining is going to be incredibly difficult in the months ahead - your going to be looking at a minimum for 1TH (let's say mid 2014 for this) to make any reasonable dent and the cost of hardware is plummeting while the GH continue to rise.  If I had the money - I'd buy a bunch of bitcoin NOW then invest in mining hardware early next year after vendors are shipping and the pre-order dust has settled.

[rebooter]

Yes, you're right..I think I'll do that way and hope everything is gonna be okay
Thanks